Real estate in The Woodlands inventory of homes in this list price range is down 40% from same period last year. The Woodlands overall average inventory of listings is down 30% for same period.
YTD written contracts in this list price range is up 23% compared to The Woodlands overall average of +15%.
Months of inventory is defined by the National Association of Realtors as current inventory divided by the average number of monthly sales for the previous 12 months. A months of inventory above six is defined as a buyer’s market; a number below 6 is defined as a seller’s market. Six months is defined as a balanced market. Months of inventory in this list price range for this list price range is 0.7; lower than The Woodlands current real estate overall market 2.0 months.
Days on market is defined as number of days from list date to contract date. This category always lags one month since it is based on contract activity. This list price range for this month is 14 days compared to an overall market of 48.3 days on market.
One of the charts compares the list price of a home to the actual sale price of the home. In this list price range the average percentage for this month was 99.0 compared to The Woodlands overall average of 97.6.
Centralized Showing Service coordinates 99% of the showings for active listings in The Woodlands. Combining their data with HAR data, each active listing in this list price range was visited by an average of 30.9 buyers during this month versus The Woodlands overall average of 20.0 buyer visits.
Visit www.MicheleFlory.com for more information on The Woodlands real estate.
If you are considering selling your home, we would welcome the opportunity to discuss several of our unique marketing options to maximize the value of your home. If you are searching for a home in The Woodlands in this list price range and noticing that new listings are changed from Active to Pending or Sold within the same hour or day, we should discuss the topic of Pocket Listings.
A note of advice for potential sellers; select your next home first before listing if you plan to remain in The Woodlands. In previous years, the traditional strategy was to list your home and receive an executed contract first, then begin search for next home. In today's market in The Woodlands, you should select your next home first....then list your home.